NewMalayalam Steel Limited manufactures galvanised pipes, tubes, and sheets. The company has an electric resistance welding tube mill with an installed capacity of 3,500 MT in a manufacturing unit in Kerala, India.
The company’s clients are Jaihind Steel Private Limited, Aashico Ventures LLP, George Infra Private Limited and others. The products’ reputation and quality have helped Newmalayalam Steel Limited establish brand equity in the products marketed under the brand name “Demac Steel“.
Incorporated in 2017, the company took over the entire M/s business. Demac Steel, along with its assets and liabilities, is on a going concern basis (the “Transfer”).
Competitive Strengths:
Newmalayalam Steel Limited’s revenue decreased by -15.78% and profit after tax (PAT) dropped by -28.91% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 11,032.77 | 11,208.19 | 8,734.83 | 9,001.66 |
| Revenue | 15,533.82 | 30,314.80 | 35,995.71 | 32,360.91 |
| Profit After Tax | 519.30 | 426.86 | 600.49 | 673.06 |
| Net Worth | 4,566.44 | 4,047.14 | 3,620.28 | 3,019.79 |
| Reserves and Surplus | 3,301.68 | 2,782.38 | 2,355.52 | 1,755.03 |
| Total Borrowing | 3,917.94 | 5,911.15 | 2,815.22 | 4,920.06 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Newmalayalam Steel IPO is Rs 155.59 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 10.55% |
| ROCE | 17.60 |
| RoNW | 10.55% |
| PAT Margin | 1.41 |
| Price to Book Value | 2.81 |
The company proposes to utilize the Net Proceeds from the offer towards funding the following objects
| IPO Date | December 19, 2024 to December 23, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 1,600 Shares |
| Total Issue Size | 46,40,000 shares (aggregating up to ₹41.76 Cr) |
| Fresh Issue | 46,40,000 shares (aggregating up to ₹ 41.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,26,47,600 shares |
| Share Holding Post Issue | 1,72,87,600 shares |
| Market Maker Portion | 2,33,600 shares |
Vazhappily Davis Varghese, Divyakumar Jain, Ankur Jain, Mahendra Kumar Jain, Molly Varghese and Cyriac Varghese are the company promoters.
| Share Holding Pre Issue | 99.80% |
| Share Holding Post Issue | 73.02% |
Looking to invest ethically or according to Islamic principles? Expert Ethical brokers can help. Whether you need an ethical investment broker, a halal stock broker in India, or a Shariah-compliant broker, there are specialists available. Discover how to align your investments with your values and start your journey towards ethical wealth creation today through Ethical IAP or Ethical PMS.
Visit Prosperia.in to learn more about Ethical Investment Opportunities and start your journey towards ethical wealth creation today.
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
The IPO dashboard offers insights on the Latest Current & Upcoming IPOs in BSE & NSE. It also evaluates IPOs for Shariah compliance, ensuring alignment with Islamic principles for ethical investment choices.
Last Updated on April 10, 2026 Property Share Investment Trust REIT PropShare Celestia is the third scheme launched by Property Share Investment Trust, India’s first SEBI-registered small and medium REIT.
Last Updated on April 9, 2026 Om Power Transmission Ltd. IPO Incorporated in June 2011, Om Power Transmission Limited is a power transmission infrastructure engineering, procurement, and construction (EPC) company
Last Updated on April 1, 2026 Safety Controls & Devices Ltd. IPO Incorporated in June 2015, Safety Controls and Devices Limited specialises in EPC (Engineering, Procurement, and Construction), focusing on
You can contribute as little as
100, 200, 500 & so…
every bit counts.
